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EIB Finances Part of Waterschap Rivierenland’s Investment Programme

Infra News - Published on Fri, 18 Oct 2019

Image Source: smartwatermagazine.com
Dutch water authority Waterschap Rivierenland and the European Investment Bank have closed a lending agreement of up to EUR 100 million. The deal will allow the water authority to meet part of its financing needs on favourable terms. The financing will be used, among other things, to strengthen some 160 km of dykes in its area of responsibility, expand a wastewater treatment plant and install solar panels.

Mr Vazil Hudak, EIB Vice-President said that a large part of the Netherlands lies below sea level, making the management of water levels of the utmost importance. Since the EIB’s goal is to contribute to things that have a positive impact for European citizens, this loan is a win-win situation. It allows the water authority to diversify its funding while increasing the safety of citizens.

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Posted By : Rabi Wangkhem on Fri, 18 Oct 2019
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